Carel Industries Balance Sheet Health
Financial Health criteria checks 6/6
Carel Industries has a total shareholder equity of €415.1M and total debt of €181.7M, which brings its debt-to-equity ratio to 43.8%. Its total assets and total liabilities are €871.1M and €456.0M respectively. Carel Industries's EBIT is €95.6M making its interest coverage ratio 8.9. It has cash and short-term investments of €103.6M.
Key information
43.8%
Debt to equity ratio
€181.67m
Debt
Interest coverage ratio | 8.9x |
Cash | €103.65m |
Equity | €415.09m |
Total liabilities | €456.05m |
Total assets | €871.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CRLM's short term assets (€349.8M) exceed its short term liabilities (€180.3M).
Long Term Liabilities: CRLM's short term assets (€349.8M) exceed its long term liabilities (€275.7M).
Debt to Equity History and Analysis
Debt Level: CRLM's net debt to equity ratio (18.8%) is considered satisfactory.
Reducing Debt: CRLM's debt to equity ratio has reduced from 90.9% to 43.8% over the past 5 years.
Debt Coverage: CRLM's debt is well covered by operating cash flow (56.3%).
Interest Coverage: CRLM's interest payments on its debt are well covered by EBIT (8.9x coverage).